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Sky Solar (SKYS US)

Year: 2019

Hong Kong based developer of renewable energy assets, Sky Solar, listed on the NASDAQ in 2014. In 2017, the company fired its founder and CEO as he had been found to have illegally transferred US$15m to companies he controlled. He repaid the comapny. In 2019, short-seller Hindenburg Research issued a report which alleged that the company was engaged in a battle with its creditors which wanted to take the company private in an effort to be repaid. Hindenburg claimed that the privatisation would not happen. However, it proceeded in October 2020.

Last updated October 2021

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